November 30, 2016 - By Louis Casey
David Stein; that is an insider in Associated Banc-Corp who is the last to unload shares in the firm for which he is for the time being a Executive Vice President. He not a long ago made a sale of 7,000 shares of the company, that are priced at about $159,390 US Dollars, that is a price for each share of around $22.8. He owns 0.07% of the -company’s market cap or 102,972 shares.
Out of 6 analysts covering Associated Banc (NYSE:ASB), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. $21 is the highest target while $19 is the lowest. The $19.75 average target is -13.83% below today’s ($22.92) stock price. Associated Banc has been the topic of 9 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, January 22 by RBC Capital Markets. The rating was downgraded by Macquarie Research on Friday, April 1 to “Underperform”. As per Tuesday, August 16, the company rating was maintained by Barclays Capital. The rating was initiated by Stephens with “Equal-Weight” on Tuesday, January 12. Barclays Capital maintained Associated Banc Corp (NYSE:ASB) rating on Friday, October 9. Barclays Capital has “Equal-Weight” rating and $20 price target. The stock of Associated Banc Corp (NYSE:ASB) earned “Hold” rating by Jefferies on Monday, November 28. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, January 13 report.
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 1.00, from 0 in 2016Q1. The ratio is positive, as 0 funds sold all Associated Banc Corp shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 24,898 shares or 0.00% without change from 24,898 shares in 2016Q1.
Winch Advisory Serv Ltd Liability Com reported 5,000 shares or 0.15% of all its holdings. Pnc Fincl Ser holds 520 shares or 0% of its portfolio. Prentiss Smith Communication Inc holds 0.01% or 478 shares in its portfolio. Shikiar Asset Mgmt has 10,900 shares for 0.12% of their US portfolio. Jacobus Wealth Mngmt Inc last reported 8,000 shares in the company.
Insider Transactions: Since May 31, 2016, the stock had 5 insider purchases, and 18 selling transactions for $2.11 million net activity. $198,620 worth of shares were sold by FLYNN PHILIP B on Monday, October 31. Del Moral-Niles Christopher sold $149,397 worth of stock. On Monday, November 28 the insider BOHN WILLIAM M sold $112,638. The insider Hickey Scott sold 37,000 shares worth $710,322. On Thursday, September 8 WILLIAMS JOHN B bought $39,692 worth of the stock or 2,000 shares. $1.50 million worth of Associated Banc Corp (NYSE:ASB) shares were bought by JEFFE ROBERT A. $149,280 worth of Associated Banc Corp (NYSE:ASB) shares were sold by Docter Judith M.
About 436,604 shares traded hands. Associated Banc Corp (NYSE:ASB) has risen 22.61% since April 27, 2016 and is uptrending. It has outperformed by 17.38% the S&P500.
Associated Banc-Corp is a bank holding company. The company has a market cap of $3.46 billion. The Company, through its banking subsidiary Associated Bank, National Association and various nonbanking subsidiaries, provides a range of banking and nonbanking services and products to individuals. It has a 19.34 P/E ratio. The Firm operates through three divisions: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.
According to Zacks Investment Research, “Associated Banc-Corp is a diversified multibank holding company. The company has banking offices serving communities in Wi., Il. and Min. The company offers a full range of traditional banking services such as: Business banking, Trust, asset management, and investment services, Retail banking, Private banking, Credit and debit cards, Personal loans, Full-service, discount and online investment brokerage, Personal trust, Employee benefit plan investment management, Insurance, Leasing, Correspondent banking, Cash management services, International banking.”
Analysts await Associated Banc Corp (NYSE:ASB) to report earnings on January, 19. They expect $0.32 earnings per share, up 18.52% or $0.05 from last year’s $0.27 per share. ASB’s profit will be $48.31M for 17.91 P/E if the $0.32 EPS becomes a reality. After $0.34 actual earnings per share reported by Associated Banc Corp for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.
More important recent Associated Banc Corp (NYSE:ASB) news were published by: Jsonline.com which released: “Associated Banc-Corp earnings rise 9%” on October 20, 2016, also Nasdaq.com published article titled: “Associated Banc-Corp Focused on Organic Growth Strategy”, Biztimes.com published: “Associated Banc-Corp profit up 9% in Q3” on October 21, 2016. More interesting news about Associated Banc Corp (NYSE:ASB) was released by: Nasdaq.com and their article: “Associated Banc-Corp’s Preferred Stock, Series C Yield Pushes Past 6%” with publication date: November 09, 2016.
Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and nonbanking services and products to individuals. The Firm operates through three divisions: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Firm has over 200 banking offices serving over 100 communities, which are located in Wisconsin, Illinois and Minnesota.
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By Louis Casey